Saturday, December 31, 2016

Technical Analysis of United Power on 31 Dec 2016 - part 1/2

Technical Analysis of United Power on 31 Dec 2016

This is no buy/sell recommendation - just a trial to see if Technical Analysis (works to an extent) in Dhaka Stock Exchange.

This is an incomplete analysis as of 31 Dec 2016!

Fundamental Analysis: It is a good company with good Profits, EPS and gives good Cash Dividends. Due to the change in reporting year, I have not provided the numbers.

Now to the Technicals: I feel it might be good – but as the pattern is not yet complete, I have not provided any charts. I think it will not go below 139 in the coming days.

I will be watching and provide an update soon.

Stop loss would be 137.


Let us see what happens . . . 
To be continued...

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